JPMorgan Adds New Stocks to Its October Favorites List

BeInCrypto2026/10/05 06:51

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

JPMorgan has added new names to its October list of favorite stock ideas, including American Express, Liberty Energy and Thermo Fisher Scientific. Each carries an overweight rating from the banks analysts. The refresh lands after a split September on Wall Street. The Dow Jones Industrial Average lost 4.3%, the SP 500 slipped 0.5%, and the Nasdaq Composite gained 1.9%. October Arrives With a Friendlier Track Record September has long been the weakest month for US stocks, as BeInCrypto noted at the start of the month. Barchart data show SPDR SP 500 ETF total returns averaging 2.27% in October since 2010. That ranks third among all 12 months, behind November at 3.09% and July at 2.79%. September averaged a 0.48% loss over the same stretch. Meanwhile, the third quarter closed with the Dow down 3%. The SP 500 and the Nasdaq each advanced at least 2% over the period. Why Do JPMorgans October Stock Picks Include a Falling Card Issuer? JPMorgan sorts its overweight-rated stocks into growth, income, value, and short strategies. American Express is one of five new names and sits in the value group. The stock closed at $302.78 on October 2, down 18.16% year to date, Google Finance data shows. American Express Stock Performance. Source: Google Finance Doubts over consumer spending and volatile credit rates have weighed on the shares. Analyst Richard Shane still backs the stock. AXP remains a core holding for investors looking for industry leading high returns and disciplined return of capital (dividend plus repurchases 3% of shares year after year), he stated. Can AI Demand Keep Carrying Stocks That Already Rallied? Liberty Energy, a growth pick, has climbed 52% over the past year. Its Liberty Power Innovations unit builds on-site generation for large power users. In January, the unit agreed to supply up to 1 gigawatt of power for Vantage Data Centers within 5 years. Analyst Arun Jayaram expects tight power supply to keep that demand going. We are seeing a reinforced structurally tight behind-the-meter power backdrop tied to data center load growth, with a power deficit expected to persist into 2030, which supports a multi-year demand runway for distributed generation providers, Jayaram said in a note to clients. Thermo Fisher, the second named growth pick, closed at $654.80 on October 2, up 13% year to date. Its shares have gained more than 25% over the past 3 months. In September, Mayo Clinic launched Precure, an early disease detection venture, with Thermo Fisher as founding partner. Analyst Casey Woodring sees further gains from wider AI adoption and US biopharma reshoring.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

01:17 PM EDT, 10/05/2026 (MT Newswires) -- Consumer stocks were higher Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) each adding 0.4%. In corporate news, Paramount Skydance (PSKY) Chairman and Chief Executive David Ellison will be chairman and CEO of the combined company following the anticipated close of Paramount's acquisition of Warner Bros. Discovery (WBD), Paramount said. Paramount shares were up 1.6%, and Warner was fractionally higher.

MT newswire•2026/10/05 17:17

Exchange-Traded Funds Rise, US Equities Higher After Midday

01:10 PM EDT, 10/05/2026 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) added 0.6%. US equity indexes were higher after midday Monday as government bond yields rose and crude oil fell. Energy IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) were each up about 1.1%. Technology The State Street Technology Select Sector SPDR ETF (XLK) gained 0.4%; iShares US Technology ETF (IYW) added 0.6%, and iShares Expanded Tech Sector ETF (IGM) was 0.6% higher. The State Street SPDR S&P Semiconductor (XSD) slipped 0.6%, and iShares Semiconductor (SOXX) fell 0.2%. Financial The State Street Financial Select Sector SPDR (XLF) added 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) advanced 2.2%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 1.9%. Commodities Crude oil lost 1.1%, and the United States Oil Fund (USO) fell 1.4%. Natural gas added 0.9%, and the United States Natural Gas Fund (UNG) gained 0.7%. Gold on Comex eased 0.1%, and the State Street SPDR Gold Shares (GLD) lost 0.4%. Silver was up 1.5%, and iShares Silver Trust (SLV) gained 0.7%. Consumer The State Street Consumer Staples Select Sector SPDR (XLP) was 0.5% higher, and the Vanguard Consumer Staples ETF (VDC) rose 0.5%. The State Street Consumer Discretionary Select Sector SPDR (XLY) added 0.4%. VanEck Retail ETF (RTH) was up 0.2%, and the State Street SPDR S&P Retail (XRT) edged up 0.1%. Healthcare The State Street Health Care Select Sector SPDR (XLV) added 0.5%, while iShares US Healthcare (IYH) gained 0.5%, and Vanguard Health Care ETF (VHT) rose 0.6%. IShares Biotechnology ETF (IBB) advanced 0.7%. Industrial The State Street Industrial Select Sector SPDR (XLI) added 0.4%. Vanguard Industrials Index Fund (VIS) rose 0.5%, and iShares US Industrials (IYJ) gained 0.7%. Cryptocurrency In midday activity, bitcoin (BTC-USD) shed 0.2%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) added 1.2%,

MT newswire•2026/10/05 17:10

Gold price rises as Europe debt risks boost appeal of haven assets

Mining.com•2026/10/05 17:09

BUZZ - Musk's comments on TSMC and Terafab cause Intel shares to decline

October 5 — Chip maker Intel (INTC.O) shares fell 2.35% to $116.53. Elon Musk, CEO of Tesla (TSLA.O) and SpaceX (SPCX.O), stated on the X platform Saturday that TSMC and his chip manufacturing project Terafab are in discussions about potential cooperation. On Saturday, Musk responded on the X platform to a screenshot of an article titled “TSMC is exploring a partnership with Elon Musk’s TeraFab project,” writing: “Just at the discussion stage for now, but there could be an outcome.” If TSMC becomes involved, it could challenge Intel’s position in the Terafab project. B Riley Wealth Chief Market Strategist Art Hogan said: “The Musk news appears to be a catalyst, but Intel’s sharp rally in September left the stock susceptible to a pullback.” Tesla and Intel have not yet responded to Reuters’ requests for comment. Driven by strong demand for AI and semiconductor stocks, Intel shares rose roughly 34% in September. Including today’s gains, Intel shares have more than doubled this year. (For the convenience of non-English speakers, Reuters automates the translation of its reports into multiple languages. As automated translations may contain errors or lack needed context, Reuters does not guarantee their accuracy and provides them solely for readers’ convenience. Reuters accepts no liability for damages or losses resulting from the use of automated translation functions.)

路透社•2026/10/05 16:11